Oh, the irony - a stagnant and decades-old financing model has long controlled the cutting edge of innovation and tech. Welcome to venture capital, an industry where the median venture investment loses money on funded startups, yet exercises nearly all control over which creative tech ideas see the light of day. It’s an industry only accessible to the most elite - where who you know often matters more than what you know.
In this talk, Alex Mittal, co-founder and CEO of FundersClub, will open the kimono on the venture capital industry. First, he will reveal what is, for many, a complete black box—the underbelly of a venture capital firm’s operations and business model, zombie VCs, and the historical performance of venture capital firms. Next, he will discuss how the industry needs to reinvent itself or die, and will describe early attempts at disrupting venture capital.
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official listing on sxsw.comhttp://schedule.sxsw.com/2014/events/event_IAP18379
